Korea’s K-sure is offering $1.15bn insurance after $6bn backing for refinery projects.

 

The Kuwait Integrated Petroleum Industries Company (Kipic) subsidiary of state-owned Kuwait Petroleum Corporation (KPC) is looking to borrow up to $2.6bn from banks and export credit agencies to build an LNG import terminal.

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is advising Kipic on the financing, which will reportedly include a loan denominated in Kuwaiti dinars and...